September 29th, 2008 by Jaren
With car insurance costs set to increase, motorists need every possible help in lowering their premium. The best way you can reduce the cost of your car insurance is to make sure that your car is cheap to insure. If you haven’t bought your car yet, you may be confused by the hundreds of cars out in the in market. A rule of thumb is that if your car’s buying price is cheap, then it’s usually quite cheap to insure. Insurance companies are also interested in how much a car is going to cost in repairs if the owner makes a claim. The cheaper and simpler your car is to repair, the more likely it is that your premium will be low. Another factor is your car’s security. Cars that have alarms, trackers or immobilizers will lower you premium. And if you have your eye on that snazzy new sports car, think again. Cars with greater acceleration and top speeds usually get the highest premium because they are statistically involved in more accidents.
August 13th, 2008 by Jaren
Image Source:www.banks.com
Speed, or rather excessive speed, is the main cause of driving accidents and since sports cars can go faster than any other vehicle on the road insurance companies are keen to cover themselves by offering high premiums to sports car owners. So what can the sports car lover do to ensure his passion doesn’t leave him bankrupt? Below are some top tips to getting as low a rate as possible:
1. For several reasons having a low credit rating will encourage the insurance companies to offer you a lower insurance rate for your sports car. If you can’t be trusted with money, you won’t be trusted behind the wheel of a 200mph killing machine.
2. It goes without saying that a clean driving record will mean a lower premium. If you’ve got a history of speeding tickets and accident claims, expect to break the bank when it comes to getting your sports car insured.
3. Consider taking out quite a high excess if you can afford it. If you are a safe driver this should not become a problem and will almost certainly mean a lower monthly rate.
Having a sports car affords its owner a sense of luxury and prestige but if it becomes hugely expensive to run then it may begin to feel like more of a burden. With fuel costs rising every day, it is very important to find as low an insurance deal as possible for your pride and joy.
May 23rd, 2008 by Robert
If you’re from Hampshire and you don’t have any car insurance coverage, you better be on the look out for the police, because they will seize your vehicle.
Since it started three years ago, the authorities have confiscated 10,000 vehicles whose owners never even bothered to cover them for car insurance. This was in due part to a campaign that tackles illegal motoring.
According to the Hampshire Police Head, John Martin:
“Those members of society who take a responsible attitude to licensing and insuring their cars will take some pleasure in knowing that the police will actively seek out those who choose not too,” he remarked.
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May 21st, 2008 by Robert
Here’s your chance to be an earth hero and get cheaper car insurance rates at the same time.
If you live in London, electric cars are exempt from charges on congestion and you get another bonus: you get cheaper car insurance premiums because your produce fewer emissions compared to gasoline-powered cars. Usually these electric types are also small in stature, but it’s also a big plus to the insurance company as they are more unlikely to get into a serious car accident.
So, if you want to save up on gas, get cheaper car insurance premiums, and lessen the carbon monoxide in the air, buy an electric car.
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May 19th, 2008 by Robert
Getting car insurance can be confusing. There’s three types: liability, collision, and comprehensive. We suggest that if you’re going to buy auto insurance, you might as well buy a comprehensive package. The reason for this is so that you’ll be covered in case there would be any damage to your vehicle from natural disasters such as flooding.
Here’s one more tip: if your car is wrecked or destroyed completely, the insurance company will only cover the cost of how much your car is worth. Lastly, if the water came from the sky (ex:leaky roof , rain, snow, etc.) the damage is covered. However, if it came from the ground (flood, etc.) it won’t be covered because flooding isn’t covered under normal policies.
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